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ArcelorMittal Q2 2010 Earnings Call TranscriptSat, Aug 7, 2010
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Miranda Technologies Q1 2010 Earnings Call TranscriptWed, Jun 2, 2010
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at CNBC.com (May 10, 2013)
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at MarketWatch.com (May 10, 2013)
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at CNBC.com (May 10, 2013)
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at CNBC.com (May 10, 2013)
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at CNBC.com (Apr 1, 2013)
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at MarketWatch.com (Mar 14, 2013)
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at MarketWatch.com (Mar 11, 2013)
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at CNBC.com (Mar 6, 2013)
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at MarketWatch.com (Mar 4, 2013)
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at MarketWatch.com (Feb 6, 2013)
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at CNBC.com (Feb 6, 2013)
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at CNBC.com (Jan 10, 2013)
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at MarketWatch.com (Jan 9, 2013)
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at MarketWatch.com (Jan 4, 2013)
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at MarketWatch.com (Jan 2, 2013)
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at CNBC.com (Jan 2, 2013)
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at CNBC.com (Dec 21, 2012)
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at MarketWatch.com (Dec 21, 2012)
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at CNBC.com (Dec 21, 2012)
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at CNBC.com (Nov 15, 2012)
MT vs. ETF Alternatives
- All
- | Earnings
- | Dividends
- | M&A
- | On the move
- Friday, May 10, 10:03 AM ArcelorMittal (MT +4%) opens higher after posting a strong operational quarter despite the difficult environment. Liquidity increased to $18B from $14.5B Q/Q, and net debt fell by $3.8B due primarily to capital market transactions and proceeds from asset sales. Full-year EBITDA guidance of $7.1B is unchanged, though it assumes iron ore prices and steel margins over raw materials are similar to 2012 levels. Comment! [Commodities, On the Move]
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Friday, May 10, 9:10 AM
Premarket gainers: PGNX +26%. UNIS +21%. UBNT +19%. SQNM +11%. MCP +11%. XIN +7%. NBG +6%. NTE +5%. MT +5%.
Losers: PTIE -48%. IFMI -36%. AFFY -18%. SNTS -7%. OPTR -7%. DDD -6%. MDRX -6%. LFVN -5%. Comment! [On the Move] - Tuesday, April 16, 8:24 AM Most of this morning's biggest premarket gappers come from yesterday's downtrodden mining losers: GFI +7.8%, AU +6.6%, GOLD +6.1%, KGC +4.8%, ABX +4.1%, AG +4%, HMY +3.2%, HL +3.1%, AUY +2.8%, EGO +2.6%, SLW +2.5%, RIO +2.3%, NEM +2%, MT +1.9%. ETFs: GDX +2.8%, SLV +2.8%, GLD +2.3%. Comment! [Commodities, On the Move]
- Thursday, March 14, 9:34 AM Steelmaker ArcelorMittal (MT +1.9%) is upgraded to Buy from Neutral at Citi, which believes MT will carry out a strategic overhaul which may help support its troubled European business. The firm favors separation of European assets from the rest of the group, which would give investors exposure to strong Americas and mining units. Comment! [Commodities, Quick Ideas, On the Move]
- Thursday, January 24, 3:40 PM Weak demand prompts ArcelorMittal (MT -2.2%) to permanently close six production lines at a factory in Liège, Belgium, that make finished steel products for the auto industry, and a coke plant, where fuel for blast furnaces is produced. European steel demand is 29% below pre-financial crisis levels with no improvement seen over the medium term, MT says. 5 Comments [Commodities, On the Move]
- Thursday, January 10, 8:12 AM ArcelorMittal (MT) +2.7% premarket after raising $4B in a stock and convertible note offering, despite its junk level credit rating, after expecting to raise $3.5B to pare down debt. "The major concern for Arcelor was the fact that they were struggling with their balance sheet... With this transaction, they remove [the] balance sheet issue totally," an analyst says. Comment! [Commodities, On the Move]
- Wednesday, January 9, 12:39 PM ArcelorMittal (MT -3.8%) has submitted a bid to ThyssenKrupp (TYEKF.PK) reflecting its interest in purchasing the German steelmaker's steel plant in Alabama, MT's CFO says. A successful bid would strengthen MT's presence in the U.S. automotive sector while stemming losses at Krupp, which suffered huge cost overruns and massive losses during the ramp-up of the Alabama plant. Comment! [Commodities, On the Move]
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Wednesday, January 9, 9:10 AM
Premarket gainers: ROSG +18%. NUVA +14%. GPN +8%. CLWR +7%. SKUL +7%.
Losers: APOL -8%. XTEX -6%. MT -5%.
Comment! [On the Move] - Wednesday, January 9, 8:33 AM ArcelorMittal (MT) -5.1% premarket after announcing plans for a combined offering of common stock and mandatorily convertible subordinated notes to raise ~$3.5B; proceeds will be used to reduce debt. Also, the steel maker will restart one of its blast furnaces at its plant in Dunkerque, France, due to increased customer demand. 2 Comments [Commodities, On the Move]
- Wednesday, January 2, 9:02 AM Markets like ArcelorMittal's (MT) agreement to sell a 15% stake in its Canadian iron ore unit to a consortium of Asian investors, believing it will help the steelmaker reduce its substantial debt. Macquarie says the deal's implied $7.3B valuation for the mining operations is “an excellent result” for MT, and could be a sign the company "believes the iron ore cycle is past its peak.” MT +2.2% premarket. Comment! [Commodities, M&A, On the Move]
- Friday, December 21, 2012, 8:03 AM ArcelorMittal (MT) takes a $4.3B writedown on the value of its struggling European division and says it sees little prospect for an improvement in the region's sluggish economy any time soon. MT says steel demand in Europe fell 8% this year and the cumulative demand decline over the past five years is 29%. MT -3.2% premarket. 1 Comment [Commodities, Global & FX, On the Move]
- Friday, December 14, 2012, 2:15 PM Steel stocks show solid gains following positive China PMI data; the steel sector often is the most responsive industry to Chinese PMI data. AKS +6.7%, X +6.4%, STLD +5.1%, CMC +3.4%, MT +3.2%, NUE +3%, CMC +2.8%, RS +2.6%, SCHN +2.4%. Iron ore and metallurgical coal stocks also benefit: CLF +4.6%, WLT +3.2%, RIO +3.2%, VALE +3.1%, BHP +1.3%. Comment! [Commodities, On the Move]
- Monday, December 3, 2012, 3:59 PM AK Steel (AKS -3%) says it prevailed on a key claim in a patent infringement lawsuit brought against the company by ArcelorMittal (MT). AKS claims the court decision will allow it to continue to offer its product for sale in the U.S. regardless of the outcome of the new trial on the validity of the patent. A favorite of short sellers, AKS shares tumble anyway. 1 Comment [Commodities, On the Move]
- Monday, November 26, 2012, 8:52 AM "We do not want Mittal in France any longer because they do not respect France," the country's industrial renewal minister says as the showdown between the new Socialist government and the steelmaker escalates. ArcelorMittal (MT) has shut down blast furnaces in Florange, eastern France, but wants to maintain its other activities there. MT -1.5% premarket. 2 Comments [Commodities, Global & FX, On the Move]
- Wednesday, October 31, 2012, 2:10 PM Steel stocks are lower after ArcelorMittal (MT -3.8%) reported it swung to a Q3 loss and proposed a reduction to the annual dividend to $0.20 from $0.75, and U.S. Steel's (X -3.9%) weak Q4 guidance prompts Credit Suisse to cut its share price target to $20 from $24. Other steelmakers also see weakness: AKS -2.9%, RS -1.4%. 1 Comment [Commodities, On the Move]
- Tuesday, October 23, 2012, 9:10 AM More on AK Steel's (AKS) Q3 results: Sees Q4 net loss of $0.06, as expected, including an anticipated non-cash tax expense resulting from an expected change in its tax valuation allowance. Average selling price for Q3 was $1,073/ton, -7% from both Q2 and Q3 2011, due primarily to lower spot market prices for carbon steel products. Shares -4.5% premarket; X -3%, CLF -3.5%, MT -4.8%. Comment! [Commodities, Earnings, On the Move]
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XRTrader: Also, keep in mind when you listen to Mittal vs other Steel execs - the South American/Brazil, and some overseas units in MT have done well -
XRTrader: So, this mitigates the slower areas of the world for them. This is a very different picture than a more regional steel company may paint.
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XRTrader: YEAH! Love it. Hope we can break through back into the old trading range of $14 to 18...
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Energysystems: I think most of these material movers(today), have to do with that better than expected $AA report. Everything is popping. -
XRTrader: Energy. Yeah - i agree but its strange, because AA is not popping nearly as much as the ones that are supposedly popping on the AA news!
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vireoman: The answer is no. I thought I was done buying MT in the 13s, but got more shares today. If it goes lower, I'll scramble for more cash.
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Energysystems: As a long term position, I think it's a great entry point. Beaten down, but globally and vertically integrated.
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XRTrader: Energy - yeah, I agree. Largest steel maker in Brazil. Huge asian supplier. Huge auto footprint. Lots of good businesses in this company.
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Dividend Sheet
$SDRL $EC and $MT are the best yielding basic material stocks with +10% growth - http://stks.co/bKpK - I like $SLB $HAL and $MUR - View all 0 replies
LATEST REPLIES
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XRTrader: YEAH! Love it. Hope we can break through back into the old trading range of $14 to 18...
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- View all 6 replies
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Energysystems: I think most of these material movers(today), have to do with that better than expected $AA report. Everything is popping.
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XRTrader: Energy. Yeah - i agree but its strange, because AA is not popping nearly as much as the ones that are supposedly popping on the AA news!
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- View all 1 replies
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vireoman: The answer is no. I thought I was done buying MT in the 13s, but got more shares today. If it goes lower, I'll scramble for more cash.
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- View all 4 replies
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Energysystems: As a long term position, I think it's a great entry point. Beaten down, but globally and vertically integrated.
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XRTrader: Energy - yeah, I agree. Largest steel maker in Brazil. Huge asian supplier. Huge auto footprint. Lots of good businesses in this company.
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Energysystems: Can't say I'm suprised by the divi cut. Hard to be in any steel these days, red flags abound. Altho I really like MTs vertical integration
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Aidanthyde
I sold some MT 15 puts...looks like I'm gonna get put the shares...it seems to be on a decent sell off. Thoughts? - View all 3 replies
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Rubenov: sold them again for September, at a lower strike and with enough premium to recoup losses and make decent profits. Also allows a few months -